One of the first “boomtowns” in the US, due to its location in western New York, on the southern shore of Lake Ontario, and the fertile Genesee River Valley, Rochester is the third-largest city in New York, after the Empire State’s namesake and Buffalo. Evolving from an economy rich in flour mills and manufacturing, Flour City’s notable higher education institutions, such as the University of Rochester and the Rochester Institute of Technology developed a reputation for the city as a major research area.
Many important inventions and innovations in consumer products came out of Rochester, giving rise to Kodak, Western Union, French’s, Bausch & Lomb, Gleason, and Xerox. The home of a number of Fortune 1000 and international companies, such as Eastman Kodak and other national and regional companies, Rochester has redirected a large section of its economy towards technology, with a number of new, smaller tech companies providing the seed capital needed to establish these companies. With a concentration in the photographic processing and imaging field, an increasingly diverse technology that encompasses STEM fields is emerging due to private tech startup enterprises working together with the University of Rochester and nearby Cornell University.
Rochester’s diverse economy also includes icons in the food and beverage industry such as French’s Mustard and the Genesee Brewing company. Forbes rated Rochester third in its best places to raise a family and Kiplinger ranked the city fifth as the best city for families because of its low cost of living, top-notch public school system, and its high rate of employment. With all of these props, Rochester also makes a great place to grow and sustain a business.